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99 Beds
82 Baths
38,800 sqft

$9,800,000

788 S Broadway Street, Blackfoot ID, 83221

Price per sqft$252.58
Built in2023
Property size38,800 sqft
Property typeMulti-family

Overview

Active

Listed Jun 25, 2025

Updated Jun 12

Slate Mountain Mobile Home Park is a fully stabilized, multi-income investment in one of Southeast Idaho's strongest growth corridors. Located at 788 S Broadway in Blackfoot, this turnkey asset includes 38 newly installed manufactured homes (2023 models), 40 self-storage units, 3 updated apartments, a leased laundromat, and a commercial building with two long-term tenants, including the Humane Society. All units are professionally managed via AppFolio with modern infrastructure, including paved roads, fiber internet, city utilities, and separate metering. The layout is community-focused, with dedicated parking, central green space, and thoughtful design that enhances tenant satisfaction and reduces wear. With a projected NOI of $582,249 by 2027 and rents steadily increasing, this property delivers a 6% stabilized cap rate at the $9.8M list price. A professionally engineered cost segregation study unlocks $3.4M in first-year accelerated depreciation—estimated at $1.2M in tax deductions—making this a tax-advantaged, cash-flowing opportunity ideal for 1031 buyers, private investors, or real estate funds seeking scalable, recession-resilient income in an emerging Idaho submarket.

$65,200/mo

Est. mortgage payment based on a $9,800,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2177736

Interior Features

Bedrooms
99
Bathrooms
82
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
4.28 Acres

Other Property Details

Taxes
$15,000
Tax Frequency
Annually
MLS provider logo

Courtesy of Keller Williams Realty East Idaho, Legacy Ranch Properties,
Listing Contact: 208-529-8888 

Based on information from Snake River Regional Multiple Listing Service as of 6/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated on 6/12/2026 at 8:50 PM UTC

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